With the holidays quickly approaching, there’s a good chance you’ll be visiting your parents for Thanksgiving. Most banks now REQUIRE Two-Factor Authentication, but there are still some that do not. So, do your parents a favor and check all of their bank and inventment accounts to ensure that Two-Factor is turned on!
From the MacMedics legal team:
In my litigation practice, I see the fallout from these scams every week. If you have an older family member, please help them get dual control security for their online accounts. Also, many brokerage companies will permit customers to lock down accounts, limiting fraudsters’ ability to pull money out of retirement accounts. Also, middle-aged and younger people regularly fall victim to wire transfer fraud, so be careful with those real estate closings and double-check (by telephone on a trusted phone number) any wire instructions.
https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/elder-fraud
